This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher … depending on the level of household debt. The results corroborate other work that households' response to monetary policy shocks …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …

. This paper uses household-level data from the 'experiment' of German reunification that (exogenously) offered to East …-unification participation of former East and West Germans in financial products, controlling for relevant household characteristics. We vary …